Saturday, September 18, 2010

Watchlist for next week - Part 1

For next week's watchlist, I decided to stick with stocks from the technology sector. And not surprisingly, there are a lot of bullish setups out there, as one would expect from a market that has now consolidated for four days. The important levels are marked on the charts itself and I recommend an entry only after these levels are crossed as the markets are at crucial levels and one has to be aware of the possibility of this being another failed shot to break through the top of the range. Well, here is the first part of probably three part series of stocks that I like for next week. Take your pick!

ADTN - A high volume doji formed on Friday. Keep an eye on the 34.50 level.

APH - From last week's watchlist. Yet to cross the 48 level but it seems imminent as the trading range is becoming narrower and narrower. Bullish volume pattern.

Part 2 of the watchlist will be up later today. Have a great weekend!

P.S.: Take a moment off you time to participate in the poll to your right. Thanks!

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